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Dec 7, 2013
12/13
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optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's mastry. to thrive, detroit needs less government and more freedom, less red tape, less punitive taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple
optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's...
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Dec 4, 2013
12/13
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ALJAZAM
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today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a tough day for all of us here in detroit [♪ music ] >> once the nation's fourth largest city, the heart of the auto industry and the soul of american music today's detroit is a portrait of urban decay and facing a water shed moment. it is the largest municipality in u.s. history to file for bankruptcy. a federal judge ruled the city is not only insolvent but in a decisive verdict declared that pensions will be included on the chopping block. dave bing is the outgoing mayor. >> the only way we stayed alive, quite frankly, is through cuts. we c
today the city is shrinking and broke. to solve its financial crisis detroit will have to cut city workers pensions. illinois just pass emergency legislation to tackle $100 billion shortfall in its pension obligations. that's huge money and people will pay the price. on this edition of inside story we'll look at the trade-offs and solutions when balance sheets teeter to the brink of disaster, and we start in detroit. >> let me just say that the judge has spoken, and i do think it's a...
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Dec 4, 2013
12/13
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small plane disappeared sunday in idaho on flight between baker city other again and butte, montana a but friends relatives here in the bay area are holding out hope that they will be found alive. here's vick lee. >> he goes down to mexico with doctors across borders those type organizations so he does a lot of voluntary support. >>reporter: he said his business partner dale smith was not only charitable and generous. but also a good pilot. it. >> he has been flying for some 8 years. >> hopefully laid down somewhere and doesn't have any cell phone contact in the middle of nowhere. >>reporter: maybe the plane made a soft landing and everyone was all right. earlier today a ray of hope emerged. rescue plane detected something. >> search rescuers were able to pick up a very weak elt transmitter broadcast from the downed aircraft. this has helped them to narrow the area for which they are searching however darkness is approachin approaching. >>reporter: searches unable to find the plane. smith piloted his beach bonanza 6 seater which lost rid arrest and cell tower contact sunday in central
small plane disappeared sunday in idaho on flight between baker city other again and butte, montana a but friends relatives here in the bay area are holding out hope that they will be found alive. here's vick lee. >> he goes down to mexico with doctors across borders those type organizations so he does a lot of voluntary support. >>reporter: he said his business partner dale smith was not only charitable and generous. but also a good pilot. it. >> he has been flying for some 8...
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Dec 5, 2013
12/13
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the break-up could cost the city at large $53 million - 20% of its budget and would segregate the city. baton rouge is majority black. st george would be a majority white at a 3:1 ratio. >> now we would have white kids going to school over here on this end of the parish. white kids going to school on the ordinary end of the parish and in the middle the black kids. >> there's an income disparity. residents in baton rouge earn $58,000. residents in st george make 90,000. >> we have to go back to where we are segregating ourselves. i don't see it as a win. >> it's not a trend. both the white and black middle class have been fleeing baton rouge in search of new schools. those breaking away say it's not about race, but education. >> this has nothing to do with skin colour. if you have the means to leave baton rouge and the school system, you have left. >> for those that have not been able to leave, it means division. >> it all will change. one side will be better than the other side. what will happen to the lower class. it'll move city and make it a better class. >> the break away continues
the break-up could cost the city at large $53 million - 20% of its budget and would segregate the city. baton rouge is majority black. st george would be a majority white at a 3:1 ratio. >> now we would have white kids going to school over here on this end of the parish. white kids going to school on the ordinary end of the parish and in the middle the black kids. >> there's an income disparity. residents in baton rouge earn $58,000. residents in st george make 90,000. >> we...
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Dec 4, 2013
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new york city 42 degrees. chicago at 50. napa you are colder than both of those locations at 39 degrees. all of this is getting set off by a huge dome of polar air that's moving across the west. i think it's going to stay here for the next 36 hours across the bay area. walnut creek, 36. napa, 39. down towards san jose. chilly for your standards at 34. with those temperatures in place, we will get into the 20s for tomorrow morning. the worst of the weather for tomorrow when it comes to the chill will be in the north bay. all of our coat counties are u the freeze warning. still not too late to take those bet pets inside. you can throw a sheet over the plants. we'll tell you who goes down to 27 degrees by 6:00 a.m. >> it is chilly. >>> temperatures are low. which means profits are high. that's the business plan for dozens of bay area ski and snowboard shops. and everyone else looking to buy warmer clothes. >> they're very excited. they've had a lot of enthusiasm. pent up enthusiasm. they want to get the equipment and head up an
new york city 42 degrees. chicago at 50. napa you are colder than both of those locations at 39 degrees. all of this is getting set off by a huge dome of polar air that's moving across the west. i think it's going to stay here for the next 36 hours across the bay area. walnut creek, 36. napa, 39. down towards san jose. chilly for your standards at 34. with those temperatures in place, we will get into the 20s for tomorrow morning. the worst of the weather for tomorrow when it comes to the chill...
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Dec 3, 2013
12/13
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how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opinion, two things i said, i think downtown, and in some areas you are already seeing that. downtown has a 97% lease rate. you couldn't move here if you wanted to, and you are seeing a tremendous amount of construction and interest into the city. the real issue is how do the other neighborhoods feel? and that's why we're so focused on dealing with blight issues, policing, garbage collection and so on and so forth. but something that attorney general holder said a month or so ago, one of the things we need to do is recognize first and foremost that we have been marching our way here for 60 years. there were no computers during that time. it's going to take some time for us to big ourselves out of this predicament city wide. so what i would ask is there be some gain in terms of dealing with the time frame that is involved to deal with
how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opinion, two things i said, i think downtown, and in some areas you are already seeing that. downtown has a 97% lease rate. you couldn't move here if you wanted to, and you are seeing a tremendous amount of construction and interest into the city. the real issue...
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Dec 3, 2013
12/13
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d.c.t 6:00 p.m., the council has given parliamentary approval to raising the cities minimum-wage. the vote was unanimous. if approved on second reading and signed, the minimum wage would jump to $11.50 an hour. the current minimum wage is $8.25 an hour. montgomery and prince george's counties raised their minimum wage to $11.50 an hour last month. >> vice president joe biden is calling for calm in the airspace dispute between china, japan, and other u.s. allies. the vice president met today with the china -- the japanese prime minister. the vice president will discuss the issue during a meeting with in beijingsident tomorrow. >> that newspaper editor who broke the edward snowden story about nsa classified document says he has just scratched the surface of the scandal. said he hasdger published one percent of the documents received by the paper. he also accused british authorities of trying to intimidate the newspaper. >> coming up on abc seven news at 6 p.m. a teacher accused of sexually thusing a child wit special needs. the family says they refuse to remain silent. >> and unusua
d.c.t 6:00 p.m., the council has given parliamentary approval to raising the cities minimum-wage. the vote was unanimous. if approved on second reading and signed, the minimum wage would jump to $11.50 an hour. the current minimum wage is $8.25 an hour. montgomery and prince george's counties raised their minimum wage to $11.50 an hour last month. >> vice president joe biden is calling for calm in the airspace dispute between china, japan, and other u.s. allies. the vice president met...
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Dec 3, 2013
12/13
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of their lives to that city. correspondent mike tobin reports tonight on the granting of bankruptcy protection for detroit. >> reporter: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the exodus that followed automotive jobs. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be
of their lives to that city. correspondent mike tobin reports tonight on the granting of bankruptcy protection for detroit. >> reporter: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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SFGTV2
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their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 half of the americans have driver's license and only 29 percent today perhaps more cities with fewer cars and more people. 24 cultural change and highway we get around >> well, there's some big demographic challenges and changes we see it with the rebirth of our cities not only as amenities but as a van guard you know april rent has written a lot about the collaborative consumption. we are seeing people treat some of those products in the past >> can now share like zip car and we s
their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing...
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Dec 5, 2013
12/13
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cities, study says. the newly release report saying americans on average drive 7.6% fewer miles now than when driving peaked back in 2004. why? well, due mainly to improvements in technology, high gas and auto prices and shifting attitudes. >>> on nbcnews.com, it's the great hexagon. storm pictures shine in saturn pictures. the orbiter capturing these amazing images of an unusual jet stream on saturn's north pole. any ideas? >> if i knew, i'd be rich. >> you also might be on that planet. >>> stories we're watching today, breaking overnieght, a suicide car bomber attacks yemen's defense ministry. the blast was followed by a fire fight with gunmen who tried to take over the complex. as many as 12 of them have been killed. >>> here at home, a massive mission. specialists are desperately trying to save dozens of beached whales in florida's everglades park. >>> "the washington post" reports the nsa is tracking the location of as many as 5 billion cell phones each day. this according to documents leaked by for
cities, study says. the newly release report saying americans on average drive 7.6% fewer miles now than when driving peaked back in 2004. why? well, due mainly to improvements in technology, high gas and auto prices and shifting attitudes. >>> on nbcnews.com, it's the great hexagon. storm pictures shine in saturn pictures. the orbiter capturing these amazing images of an unusual jet stream on saturn's north pole. any ideas? >> if i knew, i'd be rich. >> you also might be...
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Dec 5, 2013
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nick parker in mexico city, thanks. it opened up all kinds -- this trucking company was not following the rules, either. didn't have the right security for this payload. >> had no idea what they were involved with. >> they should have had more security on the truck itself and the gps didn't have any of that, so they're looking back at all of that the security. >> amazing. also another story we're following, the weather. cold, windy, along the north sea today. of course it's supposed to be that way, it is winter. talking about something bigger and nastier coming. wait until you see how folks in europe are bracing for a wave of severe weather next, "around the world." [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of y
nick parker in mexico city, thanks. it opened up all kinds -- this trucking company was not following the rules, either. didn't have the right security for this payload. >> had no idea what they were involved with. >> they should have had more security on the truck itself and the gps didn't have any of that, so they're looking back at all of that the security. >> amazing. also another story we're following, the weather. cold, windy, along the north sea today. of course it's...
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new york came in third and the world's oldest city, the world's least most youthful city? metamucilton,illinois. la was number eight. we may not be the most youthful city but we definitely have the most paralyzed foreheads here. i know a lot of you are here vacationing. did any of you in our studio audience wait in line for a black friday sale? there was a lot of black friday audience. i was always told that you can't put a life on human life but apparently it's $8.99. at a kohl's in illinois, one shopper was shot in the arm by police. in vegas, a man was shot in the leg. this happened around 2:30 friday morning in philadelphia where one of the come bbatants had th foresight to bring a stun gun. >> oh! oh! >> happy birthday, jesus. we're doing this for you. you know what? i have to say the lady with the stun gun just wanted it more. good for her. i believe that we can blame this black friday violence on one specific thing from our childhood and that is this -- that's right. p pi pinatas. if you hit something with a bat and fight hard enough you get candy. and then you beco
new york came in third and the world's oldest city, the world's least most youthful city? metamucilton,illinois. la was number eight. we may not be the most youthful city but we definitely have the most paralyzed foreheads here. i know a lot of you are here vacationing. did any of you in our studio audience wait in line for a black friday sale? there was a lot of black friday audience. i was always told that you can't put a life on human life but apparently it's $8.99. at a kohl's in illinois,...
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Dec 8, 2013
12/13
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we need to use all the big cities. we have to change. we will not be able to win nationally again, and some people are stuck in a rut on this. a lot of people are waking up. the michigan gop knows we have to do better if we're going to win. >> i am bringing it on home with the last two questions. what are your thoughts on obamacare? too many questions. i had to ask you three. >> i may need a couple hours. it is unraveling on its own effects. i was telling jonathan that i think it is not that government is inherently stupid, although that is a debatable point. it is that they do not get the right incentives. the business would be run this way because you would be run out of business immediately. we have put into law perverse incentives. people who had cheap insurance no longer can buy that. it is what they could afford and that is the only way they had it. i was one of them. i used to have family coverage for five people, for $5,000. a $5,000 deductible. in obamacare, you can have a higher detectable and still pay $20,000 because there is
we need to use all the big cities. we have to change. we will not be able to win nationally again, and some people are stuck in a rut on this. a lot of people are waking up. the michigan gop knows we have to do better if we're going to win. >> i am bringing it on home with the last two questions. what are your thoughts on obamacare? too many questions. i had to ask you three. >> i may need a couple hours. it is unraveling on its own effects. i was telling jonathan that i think it is...
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Dec 4, 2013
12/13
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it's the largest city in u.s. history to do so. when detroit filed for bankruptcy in july it was an open question if the city met the legal requirements for chapter nine. today, a bankruptcy judge ruled that it did, saying in part, quote, the city no longer has resources to provide the citizens with police, fire, and emergency services. of particular importance are those 20,000 or so city retirees with guaranteed pensions that are no longer guaranteed. the ruling holds that federal law supercedes. detroit is now officially out of voters hands. >> i don't think we have a final determination as to what although of the elements are going to be to get us through this process. but it is a process that i think we need to take a lot of care because there are going to be pain for a lot of different people. >> joining us now is a former investment banger with goldman sachs where he specialized in stance. what's your reaction to today's court ruling? >> thank you for having me here. this thing of saying they can cut the pensions, that was al
it's the largest city in u.s. history to do so. when detroit filed for bankruptcy in july it was an open question if the city met the legal requirements for chapter nine. today, a bankruptcy judge ruled that it did, saying in part, quote, the city no longer has resources to provide the citizens with police, fire, and emergency services. of particular importance are those 20,000 or so city retirees with guaranteed pensions that are no longer guaranteed. the ruling holds that federal law...
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Dec 9, 2013
12/13
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city to declare bankruptcy this week. the motor city, the former icon of america will now restructure more than $18 billion in death. joining us is dennis archer. he's mayor of detroit, michigan. we want to thank you for being here today. >> thank you very much for having me. >> is this a good thing for detroit? >> absolutely. when you consider that we're going to run out of cash, have no money to pay any bills by tend of this month or no later than january of 2014. there really was no choice. >> it will mean likely that those who have been holding onto some of these promises made to them will be left out in the cold. >> let me make this observation, from everything i know about the judge who have shared with me high regard of being very fair and thorough and very circumspect. when it's all said and done there's going to be high regard and respect shown to pensioners, creditors and bondholders. >> this is something the rest of the nation has been looking to. >> as judge rhoade said in his opinion, that the pensioners have
city to declare bankruptcy this week. the motor city, the former icon of america will now restructure more than $18 billion in death. joining us is dennis archer. he's mayor of detroit, michigan. we want to thank you for being here today. >> thank you very much for having me. >> is this a good thing for detroit? >> absolutely. when you consider that we're going to run out of cash, have no money to pay any bills by tend of this month or no later than january of 2014. there...
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millions every year in unpaid taxes the motor city once ground zero. for the american dream is now ground zero for the worst policies of the post reagan economy its industrial heart has been shredded in the name of free trade its workforce has been decimated by glorified union busting schemes and in the final insult to add that final insult to injury its impoverished population has been ripped off by predator banks toure's course you can expect the media focus on those things right i mean with so much money to be made through a bankruptcy it's far easier to focus on the short term and blame the retiring those former workers were the only ones who kept their part of the bargain by trading lower pay and longer working hours for a pension it's now being stolen from them by michigan's republican governor if we really want to save the rest of our country from devastation when you take a good hard look at the lessons of detroit because if we continue on the path we've been on for the past thirty years introduced decline won't be just a sad story it will be a
millions every year in unpaid taxes the motor city once ground zero. for the american dream is now ground zero for the worst policies of the post reagan economy its industrial heart has been shredded in the name of free trade its workforce has been decimated by glorified union busting schemes and in the final insult to add that final insult to injury its impoverished population has been ripped off by predator banks toure's course you can expect the media focus on those things right i mean with...
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Dec 3, 2013
12/13
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city to ever enter bankcy. the city's $18 billion debt could include cutting pensions. >>> results of drug and alcohol tests on the train operator of the train that went offel rails came
city to ever enter bankcy. the city's $18 billion debt could include cutting pensions. >>> results of drug and alcohol tests on the train operator of the train that went offel rails came
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Dec 4, 2013
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the city looking to shed $18 billion in debt. the filing was opposed by unions and public pension funds which said the city didn't negotiate in good faith. >> and firefighters are looking for the person who lived in the mobile home destroyed by a fire overnight in san jose. the home is gutted. the fire started at 2 a.m. in a mobile home park on monterey road. firefighters have searched about 80% of the home without finding anyone. neighbors say they don't believe the man was home at the time. >>> and santa claus will have extra security as he flies through the sky on christmas eve. a couple of military fighter jets. the north american aerospace defense command added this twist to this year's animated tracking of santa's reindeer flight from the north pole. so many child advocates claim military jets have no place in the childhood fantasy but a spokesman for norad says adding those jets was part of an effort to give the program a more operational feel. >>> kpix 5's kiet do is live in fremont this morning with more on freezing temp
the city looking to shed $18 billion in debt. the filing was opposed by unions and public pension funds which said the city didn't negotiate in good faith. >> and firefighters are looking for the person who lived in the mobile home destroyed by a fire overnight in san jose. the home is gutted. the fire started at 2 a.m. in a mobile home park on monterey road. firefighters have searched about 80% of the home without finding anyone. neighbors say they don't believe the man was home at the...
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the marmonte clinic in redwood city near the menlo park border. a handful of protesters, you see here, were on hand to demonstrate against the clinic. neighbors have been circulating a petition saying the clearly marked building will send property values down. not all neighbors agree with that argument or arguments posed by conservative or religious protesters. >> well, i mean, basically they kill children and we're against that. in addition to that, planned parenthood is an atrocious organization. >> people that need to have abortions should be able to have them. >> planned parenthood which also offers birth control, cancer screenings and other information says the opposition had nothing to do with this one-day delay in their opening. they say some of their equipment wasn't quite ready for patients. >>> sunnyvale city council will discuss tonight whether or not to green light a new office park project. the proposed new campus was spread over 55 acres near moffitt, park drive and highway 237 and consist of six eight-story buildings and be known as
the marmonte clinic in redwood city near the menlo park border. a handful of protesters, you see here, were on hand to demonstrate against the clinic. neighbors have been circulating a petition saying the clearly marked building will send property values down. not all neighbors agree with that argument or arguments posed by conservative or religious protesters. >> well, i mean, basically they kill children and we're against that. in addition to that, planned parenthood is an atrocious...
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in the city have a stake in this. >> diane estherbrook in the city of detroit, we thank you. >>> detroit's bankruptcy developments have wider implications for the rest of the country. in illinois lawmakers narrowly passed that state's own pension crisis. en estimated $100 billion shortfall, the worst by far for any state in the union. they pushed back the retirement age for workers using a sliding scale. retirees will see their cost of living increases replaced by portion of benefits based on the number of years worked on the job, and current workers could stop their pension plans and switch to retirement plans. the state's public sector say they will challenge the illinois law in court. >>> it affects only illinois state workers but right now pension funs for chicago city workers including police and firefighters are short of meeting their obligation by $19.5 billion. chicago mayor rob emmanuel said, the pension process is not solved until relief is brought to chicago and local government across the state. that concerned police veterans like lieutenant maloney. he joins us now from chicag
in the city have a stake in this. >> diane estherbrook in the city of detroit, we thank you. >>> detroit's bankruptcy developments have wider implications for the rest of the country. in illinois lawmakers narrowly passed that state's own pension crisis. en estimated $100 billion shortfall, the worst by far for any state in the union. they pushed back the retirement age for workers using a sliding scale. retirees will see their cost of living increases replaced by portion of...
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wasn't for uniyorngs detroit would be the fifth largest city? >> maybe not the fifth. >> no problem with the car companies leaving? >> what is the problem with the car company. why can't a u.s. automaker make a profit on a car? the united autoworkers union. >> you use the word union like it's got an allergy. >> it destroyed detroit. >> get out of here. >> let me take you down the rabbit hole. >> the fact that the federal judge made it okay in detroit, a lot of other states are at similar risks. is this a precedent? >> yes. it's going to be more -- this is more of what we're going to see. one after the next, they'll go for it and say, this is my case. show the example of detroit. if it was granted if detroit, and it's the easy way out. unfortunately, thing are so bad, maybe there isn't another direction at this point. the fact that it got there, that this is what we're left with. there is to other choice or way out. shows a complete lack of leadership. lack of courageous leaders to take on tough issues like unions, so it makes it attractive for a
wasn't for uniyorngs detroit would be the fifth largest city? >> maybe not the fifth. >> no problem with the car companies leaving? >> what is the problem with the car company. why can't a u.s. automaker make a profit on a car? the united autoworkers union. >> you use the word union like it's got an allergy. >> it destroyed detroit. >> get out of here. >> let me take you down the rabbit hole. >> the fact that the federal judge made it okay in...
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senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by taking money from houston or atlanta. we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoveris
senator rand paul joins us from the motor city. tell us what your plan consists of. >> this is a free market plan to rescue detroit. weapon don't rescue detroit by taking money from houston or atlanta. we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it...
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the unions control new york city hall. bill de blasio, all his aides are close to this. new york city is going to head in that direction. >> do you agree with that? >> i don't. this is good news for the bond market and for cities that are struggling because it gives them negotiating leverage. >> put the fear of god in them. >> right. so they won't have to -- >> julie, do you agree? >> i do, actually. both parties gave away the unions in the 90s like drunken sailers in their right to get political support. it went too far. they have a commitment that's a legal contract. even in bankruptcy the unions may get screwed on this. >> didn't the judge take that into -- >> we'll see. charlie is right that this is not a good precedent to set. >> the bond holders got screwed before you deal with the unions. this isn't good for them. >> that is exactly my point. we're not sure who is going to get screwed. the unions or the bond holders. it's going to be for the court to figure out. >> ben stein? >> detroit is an incredibly sad commentary on the collapse of nonwhite urban america. it'
the unions control new york city hall. bill de blasio, all his aides are close to this. new york city is going to head in that direction. >> do you agree with that? >> i don't. this is good news for the bond market and for cities that are struggling because it gives them negotiating leverage. >> put the fear of god in them. >> right. so they won't have to -- >> julie, do you agree? >> i do, actually. both parties gave away the unions in the 90s like drunken...
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Dec 4, 2013
12/13
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the judge ruled on tuesday that the city is able to provide services and pay its bills. the ruling paves the way for detroit to have a fresh start under court supervision. the child in july filed for bankruptcy protection from creditors with debts of eighteen billion dollars. city leaders say they'll drop a corp back rehabilitation plan by the end of this month they're expected to negotiate with creditors to cut loan repayments and medical spending for a retired city workers. and time for check on them i think the us stock prices continue to fall on tuesday investors worried about weak consumer spending the holiday shopping season gets underway the dow jones industrial average lost zero point five nine percent. annie at fifteen thousand nine hundred and fourteen. that's the third straight sessions of declines of more in japanese stocks that could be really at the tokyo stock exchange. you mean overnight market developments not positive how investors in japan reacting to this morning hike in prices of fuel is selling shares after those losses on wall street and lsd at the
the judge ruled on tuesday that the city is able to provide services and pay its bills. the ruling paves the way for detroit to have a fresh start under court supervision. the child in july filed for bankruptcy protection from creditors with debts of eighteen billion dollars. city leaders say they'll drop a corp back rehabilitation plan by the end of this month they're expected to negotiate with creditors to cut loan repayments and medical spending for a retired city workers. and time for check...
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Dec 7, 2013
12/13
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optimism is bringing this city back. this city is not afraid of opportunity. the not discouraged about past. i love the way she put that. a young woman who believes and tic about the future of detroit. but one thing is certain, detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not all in some central planner's notebook. is detroit needs to thrive not washington's domineering and, but freedom from big gofrt's mastery. to thrive, detroit needs less freedom.t, more less red tape, less punitive axes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. introduce ere to something i call economic freedom zones. that would be introduced next year in washington. the freedom zones would reduce axes and red tape so detroit businesses can grow and thrive. t's similar to what jack kemp introduced. he loved to find ways to empower eople, real people, regardless of race or family background. he ca
optimism is bringing this city back. this city is not afraid of opportunity. the not discouraged about past. i love the way she put that. a young woman who believes and tic about the future of detroit. but one thing is certain, detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not all in some central planner's notebook. is detroit needs to thrive not washington's domineering and, but freedom from big gofrt's mastery. to thrive,...
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Dec 5, 2013
12/13
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it's 5:00 in new york city. and this is "the five." so it's day two of how bah ma on offense. today's strategy, try to link the gop to the problems of his botched health kcare issues. >> in an effort to repeal the affordable care act, and admittedly poor execution on my
it's 5:00 in new york city. and this is "the five." so it's day two of how bah ma on offense. today's strategy, try to link the gop to the problems of his botched health kcare issues. >> in an effort to repeal the affordable care act, and admittedly poor execution on my
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Dec 9, 2013
12/13
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not for one moment can you diminish the issues and challenges that lie ahead for the city. for us to come here and base our manufacturing facility here combined with great design, wonderful value and equality watch made was swift parts that is assembled using swiss equipment, we thing we have done something very compelling. .his is the actual watch this is what i was talking about a few minutes ago. to my right, you can probably see the limited edition. in celebration of the wright brothers who are steeped in bike manufacturing, we produced a 25 bicycles.on they retail for $2950. fantastic bike. what is next? you said henry ford is the icon that will be ordered -- honored next year. what can we expect to see? >> you will see a very limited edition iconic watch. i'll will be part of what we have lunch, a foundry. is a very broad concept. we had to get a 100 year old brand and really turned it into a modern brand based on heritage. not only do we have bikes and watches but leather goods, journals, etc.. the henry ford watch will be an extension through the foundry which is a
not for one moment can you diminish the issues and challenges that lie ahead for the city. for us to come here and base our manufacturing facility here combined with great design, wonderful value and equality watch made was swift parts that is assembled using swiss equipment, we thing we have done something very compelling. .his is the actual watch this is what i was talking about a few minutes ago. to my right, you can probably see the limited edition. in celebration of the wright brothers who...
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Dec 8, 2013
12/13
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optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's mastry. to thrive, detroit needs less government and more freedom, less red tape, less punitive taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple
optimism is bringing this city back. this city is isn't afraid of opportunity. it's not discouraged by its past. it's excited about its future. i just loved the way she put that. a young woman who really believes and is optimistic about detroit. detroit's future and lisa's future will not come from washington. the magic of motown is here in the city. it's not in some central planner's notebook. what detroit needs to thrive is not washington'sdom nearing hand but freedom from big government's...
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Dec 4, 2013
12/13
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shakeup in the city-- detroit gets the green light to proceed with an epic bankruptcy. in today's cover story.... the forgotten disaster. why people in the phillipines struggle to get aid to come their way. plus....how to spot hidden fees in your bank account... and.... malls of america are back in style. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning!it's wednesday, december 4th.i'm angela miles.in today's first look: stocks lose altitude. the dow is back below 16,000, the nasdaq is nearing 4,000 and the s&p has dropped past 1,800.stocks slipped tuesday as traders took money off the table to pocket profits.gold gained a couple dollars and oil shot up $3. opec members meet in vienna today for their last session of the year.the big deal there is how members will handle civil issues in lybia, iraq and iran. ex-tyco ceo dennis kozlowski will be set free prison january 17th after spending 8 years behind bars for corporate fraud. and, some abercrombie and fitch shareholders are making a pitch fo
shakeup in the city-- detroit gets the green light to proceed with an epic bankruptcy. in today's cover story.... the forgotten disaster. why people in the phillipines struggle to get aid to come their way. plus....how to spot hidden fees in your bank account... and.... malls of america are back in style. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning!it's wednesday, december 4th.i'm angela miles.in today's first...
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Dec 4, 2013
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mountain view 34, and redd wood city 34 degrees. your microclimate forecast will take you out to fair field where it's going to be sunny the next couple of days. it is going to be cold. overnight lows in the 20s and 30s. afternoon highs will not hit 50 degrees until friday. that's a long stretch for us being shy of 50 degrees. so, what's going on? we switched air masses today. that front, you saw the clearing line if you were out and about. we went crystal clear at 2:00 in the afternoon. that is because the front and all the moisture pushed to the south. we are left with cold and dry air and it will be with us for a while. i don't see one day where it will be. the cold air is here. the question is, any chance of rain or snow in the hills? the answer is yes. on friday night and saturday, a low pressure area will move along this digging to the south jet stream. it will introduce moisture and we'll see showers around and the snow levels going to drop down to 2,000 feet. that means absolutely. mt. hamilton, we'll see snowfall. how about
mountain view 34, and redd wood city 34 degrees. your microclimate forecast will take you out to fair field where it's going to be sunny the next couple of days. it is going to be cold. overnight lows in the 20s and 30s. afternoon highs will not hit 50 degrees until friday. that's a long stretch for us being shy of 50 degrees. so, what's going on? we switched air masses today. that front, you saw the clearing line if you were out and about. we went crystal clear at 2:00 in the afternoon. that...
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other cities >> we are gratified with the city's eligibility to pursue a plan of adjustments under chapter nine of the federal bankruptcy code. it is business as usual in detroit. this determination gives us a better opportunity to go forward with that clean slate. neil: mark my words, that i will be a rockstar. and a bankruptcy filing is their only hope. judge napolitano, i would say you? >> they have an obligation of 18 billion and it does not have the assets or the tax base. but it owes a lot more than a it negotiated with all of its creditors, including the unions. >> if the judge does not rule as he ruled today, then instead of having an orderly bankruptcy where a judge will take obligations and slice and dice and give people their portion of the pie, you have about five or 6000 lawsuits, each that is entitled to a jury trial in a pool of assets and it would be chaos and there wouldn't be enough to pay police or fire or teachers and more so they would leave their property behind. >> don't libertarians argue let the people rule? appointed by the governor to clean up this mess and is th
other cities >> we are gratified with the city's eligibility to pursue a plan of adjustments under chapter nine of the federal bankruptcy code. it is business as usual in detroit. this determination gives us a better opportunity to go forward with that clean slate. neil: mark my words, that i will be a rockstar. and a bankruptcy filing is their only hope. judge napolitano, i would say you? >> they have an obligation of 18 billion and it does not have the assets or the tax base. but...
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Dec 5, 2013
12/13
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in denver and the cold air is coming down in oklahoma city. from 9 in denver for the high to 80 in dallas love field. this cold air is sinking out of canada all the way to the gulf coast. the problem is the gulf coast said it's still fall and it tries to send up moisture and humidity over the top of this cold air. we will get an ice storm throughout central part of the plains where it will be 30 degrees and raining. we say how are you going to do that? it will be 50 degrees aloft or 40 up in the sky. 5,000 feet. it's going to rain, but rain where it's 30. 31, 32 degrees. a little bit of snow in oklahoma city. this is not a snow maker. this is an ice machine for memphis and little rock and evansville. st. louis some snow, but the story is this ice sticking to everything. trees and power lines and millions of people will be without power. when it gets to new york into the east coast, it runs out of moisture. that's some good news. we won't put down the power lines. the central part of the country is in for it. this will get ugly fast. kids will
in denver and the cold air is coming down in oklahoma city. from 9 in denver for the high to 80 in dallas love field. this cold air is sinking out of canada all the way to the gulf coast. the problem is the gulf coast said it's still fall and it tries to send up moisture and humidity over the top of this cold air. we will get an ice storm throughout central part of the plains where it will be 30 degrees and raining. we say how are you going to do that? it will be 50 degrees aloft or 40 up in...
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in the meantime, and officially bankrupt city. a judge rules that it is okay to file. >> not only is it illegal, but it is immoral. >> this ruling is a threat t every city in detroit. >> we think that that sets a bad precedent for other cities as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! what's in your wallet? every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion
in the meantime, and officially bankrupt city. a judge rules that it is okay to file. >> not only is it illegal, but it is immoral. >> this ruling is a threat t every city in detroit. >> we think that that sets a bad precedent for other cities as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here....
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megabusz whisking passengers to cities across north america. fernando from san francisco says it's easier to hop a bus than fly to los angeles only 60ss today l.a. and back. >> i was tired. >> handlers unloaded the suitcases like they always do. >> i just wanted off. >> he grabbed a suitcase from the side walk and headed home. >> there is a bunch of girls things in there. >> he picked thup bag. looking like his own. someone out there missing her stuff, what about sniz. >> i called megabus within minutes to let them know. he offered to run back and make the switch but no a clerk told him to send an e mail to lost and found in new jersey. >> is there anyway to move faster? he said this is the protocol. >> no one would say whose bag he had. >> there were pictures that i had gotten. and that something to me. chamberlain says an agent mixed up bag descriptions saying this bag would have been driven back to l.a. next thing got the call. >> they said we found your luggage. it's here. >> people picks up the wrong suitcase. kit happen. >> it's easy to d
megabusz whisking passengers to cities across north america. fernando from san francisco says it's easier to hop a bus than fly to los angeles only 60ss today l.a. and back. >> i was tired. >> handlers unloaded the suitcases like they always do. >> i just wanted off. >> he grabbed a suitcase from the side walk and headed home. >> there is a bunch of girls things in there. >> he picked thup bag. looking like his own. someone out there missing her stuff, what...
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is paid they're paid money if the rates fall then the city has. to pay the banks now here's the edge to that the the wall street types absolutely knew there was no question that these assets that they were selling to the cities these swaps and derivatives were going to crash and if they went down then of course wall street made all the money it was ruined in investors were ruined investments were ruined and now it's the payday bonanza for wall street is places like detroit are going out of business for no good reason by the way there are some who are suggesting and i put myself in that camp that detroit is a beta test of sorts for a coalition of corrupt republicans and banks toure's to basically asset strip assets strip other cities around the country particularly cities that have large minority populations asset strip their population. things like you know ripping off their pensions assets trip to country by taking whatever they may have whether it's the electric system or the art museum and selling it off on pennies to the dollar to the billiona
is paid they're paid money if the rates fall then the city has. to pay the banks now here's the edge to that the the wall street types absolutely knew there was no question that these assets that they were selling to the cities these swaps and derivatives were going to crash and if they went down then of course wall street made all the money it was ruined in investors were ruined investments were ruined and now it's the payday bonanza for wall street is places like detroit are going out of...
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Dec 5, 2013
12/13
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he's traveling to detroit to unveil a recovery plan for the city. he's here to explain the efforts himself. kentucky senator rand paul. good to see you. >> good to be with you, sean. >> bin laden's dead, detroit's alive? something to that effect? i remember hearing it during the campaign. didn't the president say it? >> if you like your car bailout, you can keep it, period. >> yeah. >> we need to try something different. for 50 years we have been trying government stimulus, trying to bail out cities that have been gone bankrupt. through bankruptcy we can find a new way. so i'm promoting economic free dom zones similar to enterprise zones from jack kemp 20 years ago. this is enterprise zones on steroids. this is a massive giveback of money that's already yours. we are not going to take it from houston to bail out detroit. we'll let detroit keep their money and bail themselves out. it's phenomenal how much money can be left in detroit simply by lowering the taxes in detroit. >> it's like kemp's enterprise zones on steroids. i looked over the plan. you
he's traveling to detroit to unveil a recovery plan for the city. he's here to explain the efforts himself. kentucky senator rand paul. good to see you. >> good to be with you, sean. >> bin laden's dead, detroit's alive? something to that effect? i remember hearing it during the campaign. didn't the president say it? >> if you like your car bailout, you can keep it, period. >> yeah. >> we need to try something different. for 50 years we have been trying government...
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Dec 5, 2013
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today his lawyer was at city hall and when he left he just chuckle. he didn't respond. >> for his talk, i've done a great job. if he's making pay offs and being extorted, that has to weigh heavily in terms of being able to function at the job if you're being extorted for large amounts of money. i also understand and this i find confusing, the cell phone video of ford allegedly smoking crack, i've seen reports that it's believed there is possibly a murder somehow wrapped up in this. >> right. >> there is a picture that -- from the toronto police that we're now showing that the man on the left in this picture is a man allegedly murdered. is it because of the video? >> right, this is a really complicated side story and i'll try to explain it really quickly and precisely. this man, anthony smith, was killed just days before the initial dealing called me saying they had this video, and that person said that the man -- anthony smith was killed because of the video. after the video story was published, members of the mayor's staff were telling each other tha
today his lawyer was at city hall and when he left he just chuckle. he didn't respond. >> for his talk, i've done a great job. if he's making pay offs and being extorted, that has to weigh heavily in terms of being able to function at the job if you're being extorted for large amounts of money. i also understand and this i find confusing, the cell phone video of ford allegedly smoking crack, i've seen reports that it's believed there is possibly a murder somehow wrapped up in this....
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>> it was introduced in 1965 at the world's fair right here in new york city. >> stephen: in support of that you are introducing a new 50th anniversary. >> absolutely. >> stephen: of -- there is the 20 -- this is the 2015 mustang. uh wow. [ applause ] >> stephen: my question is, though you still know it is 2013, right? and yet we are looking at the 2015 mustang. >> yes. >> stephen: i assume you have come here to tell me about it in the 2028 ford time machine. does it have a jet pack? >> that is the future. that is the future, yes. >> stephen: we should hope so. >> absolutely. >> stephen: now, speaking of cars of the future, you guys, let's talk about cars of the past and car companies of the past. >> yes. >> stephen: because back in the old auto bailout you are the only zero company that didn't take a bailout. >> right. >> stephen: gm and chrysler had to be bailed out. what is it about ford and one of the reasons i like you guys is that you are capitalists unlike those bolsheviks over at gm and chrysler. comrade! what do you think of those guys sucking on the government teat? >> isn'
>> it was introduced in 1965 at the world's fair right here in new york city. >> stephen: in support of that you are introducing a new 50th anniversary. >> absolutely. >> stephen: of -- there is the 20 -- this is the 2015 mustang. uh wow. [ applause ] >> stephen: my question is, though you still know it is 2013, right? and yet we are looking at the 2015 mustang. >> yes. >> stephen: i assume you have come here to tell me about it in the 2028 ford time...
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Dec 6, 2013
12/13
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we've never seen this before in 130 cities. what impact do you think these protests are going to have, if any? >> i think it's huge. and it's very, very significant that this is the second year that we have seen this sort of protest, an organized, national effort to bring people out from behind the counters at fast food restaurants, put them with their allies and supporters on the streets of communities across this city. i was in some of the places where these protests took place. and there was nobody going by booing them. the horns were honking, you saw the thumbs up. people were cheering these workers on. and that fits with what the polls tell us, ed. polling says that 80% of americans believe that congress should raise the minimum wage above $10 an hour. so there's real passion there in this country. and i think we're beginning to raise that energy enough -- up enough, to pass laws in states and to make moves in cities. unfortunately, as you have illustrated already, we've got a lot of resistance in that republican house of
we've never seen this before in 130 cities. what impact do you think these protests are going to have, if any? >> i think it's huge. and it's very, very significant that this is the second year that we have seen this sort of protest, an organized, national effort to bring people out from behind the counters at fast food restaurants, put them with their allies and supporters on the streets of communities across this city. i was in some of the places where these protests took place. and...
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attack on the defense ministry in yes men, thousands of fast food workers on strike across hundreds of cities in the united states, so we dive right in and read some viewer mail. >> folks, got a big file right here. our first letter tonight comes to us on actual paper. dear stephen, which power is better, flight or invisibility? i am asking for a friend. sincerely, stephen colbert, but not you. that's nice, steven, i recognize my own handwriting. okay, let's settle this one, for once and all, obviously flight and invisibility have big pros and cons. flight, problematic because i am scared of heights, but so is invisibility, because i am scared of people not noticing me. so that's a tie. one point each. now let's talk the economics of the situation. the most recent superman grossed $291 million at the box office but the "lord of the rings" grossed 377 million. clearly, the market says invisibility, not to mention, the invisible hand of the market is invisible. double win for invisibility, two invisible thumbs up. >> now, as long -- [ cheers and applause ] >> stephen: people love the invisibili
attack on the defense ministry in yes men, thousands of fast food workers on strike across hundreds of cities in the united states, so we dive right in and read some viewer mail. >> folks, got a big file right here. our first letter tonight comes to us on actual paper. dear stephen, which power is better, flight or invisibility? i am asking for a friend. sincerely, stephen colbert, but not you. that's nice, steven, i recognize my own handwriting. okay, let's settle this one, for once and...